Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
ASA Gold And Precious MetalsASA +6.87%38 Pretax Margin % is 99.85% as of May. 2026, which is 3% above its 10-year median of 97.26. GuruFocus rates ASA with a GF Score™ of 38/100. The stock has 1 warning sign investors should review. Among 1,570 Asset Management companies, ASA Gold And Precious Metals ranks better than 79.17% on this metric.
ASA Gold And Precious Metals (NYSE:ASA) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
ASA Gold And Precious Metals Pretax Margin % Related Terms
ASA Gold And Precious Metals Pretax Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASA Gold And Precious Metals Pretax Margin % Chart
For the Asset Management subindustry, ASA Gold And Precious Metals's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
ASA Gold And Precious Metals Pretax Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, ASA Gold And Precious Metals's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where ASA Gold And Precious Metals's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASA Gold And Precious Metals (ASA) has a Pretax Margin % of 99.85% as of May. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ASA Gold And Precious Metals and its competitors. This is near median its historical median of 97.26. Over the past decade, ASA Gold And Precious Metals' Pretax Margin % has ranged from 36.21 to 106.63. According to the industry distribution chart, ASA Gold And Precious Metals ranks #327 out of 1570 companies in the Asset Management industry, placing it in the top 20.8%.
Is ASA Gold And Precious Metals' Pretax Margin % too high?
ASA Gold And Precious Metals' current Pretax Margin % of 99.85% is near median its 10-year median of 97.26. Over the past 10 years, this metric has ranged from a low of 36.21 to a high of 106.63. The Asset Management industry median Pretax Margin % is 90.34. ASA Gold And Precious Metals' value of 99.85% is 10.5% above this industry median. Based on the distribution chart, ASA Gold And Precious Metals ranks #327 out of 1570 companies in the Asset Management industry, which is in the top quartile — a strong position relative to peers. Overall, ASA Gold And Precious Metals has a GF Score™ of 38/100, reflecting its overall financial health beyond just this single metric.
How does ASA Gold And Precious Metals' Pretax Margin % compare to BMEZ and BTX?
According to the Asset Management industry distribution chart, ASA Gold And Precious Metals ranks #327 out of 1570 companies for Pretax Margin %. This places ASA Gold And Precious Metals in the top 21% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 90.34. ASA Gold And Precious Metals' value of 99.85% is 10.5% above this benchmark. Historically, ASA Gold And Precious Metals' own Pretax Margin % has ranged from 36.21 to 106.63 over the past decade. While the company's 10-year median is 97.26 vs. the industry median of 90.34, ASA Gold And Precious Metals has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for an Asset Management company?
The median Pretax Margin % among Asset Management companies is 90.34, based on 1,570 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. ASA Gold And Precious Metals's current Pretax Margin % of 99.85% is 10.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on ASA Gold And Precious Metals and its competitors. For the Asset Management industry, the median Pretax Margin % is 90.34 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. ASA Gold And Precious Metals's current Pretax Margin % is 99.85%, which is near median its own 10-year median of 97.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is ASA Gold And Precious Metals stock overvalued right now?
ASA Gold And Precious Metals (ASA) has a current Pretax Margin % of 99.85%. The current Pretax Margin % is 99.85%, which is near median its 10-year median of 97.26 and 10.5% above the Asset Management industry median of 90.34. ASA Gold And Precious Metals' overall GF Score™ is 38/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For ASA Gold And Precious Metals (ASA), the current Pretax Margin % is 99.85% as of May. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
ASA Gold And Precious Metals Ltd is a closed-end, non-diversified investment company. Its objective is to provide long-term capital appreciation through investing in companies engaged in the exploration for, development of projects, or mining of precious metals and minerals.
38GF Score
Get the complete analysis for ASA
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
ASA has been successfully added to your 
